Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (57970)	9/8/2000 1:38:05 PM
From: long-gone	Read Replies (1) \| Respond to of 116916

OK, here's some on topic: Wouldn't you think no one would bother even looking? Friday September 8, 12:57 pm Eastern Time Press Release Crew Development Corp: Appointment Of Leading European Bank To Finance Development Of High Grade Gold Deposit In Greenland VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 8, 2000--Following extensive discussions with a number of major international project financing banks, Crew Development Corp. (TSE:CRU. <http://finance.yahoo.com/q?s=cru.to&d=t> - news </n/ca/c/cru.html>; OSLOSE:CRU) (FRANKFURT:KNC) is pleased to confirm the signing of a Mandate Letter appointing Bayerische Hypo-und Vereinsbank AG (HypoVereinsbank), as Advisor and Arranger for the debt financing of the high-grade Nalunaq gold project. The debt financing requirements are estimated at approximately US$20 million for the construction of the underground mine and processing facilities. HypoVereinsbank, Germany's second largest bank, is a sought after partner in the field of project finance. HypoVereinsbank has an impressive track record and is worldwide the number four commercial bank providing project finance and a significant provider for mining projects. The bank is currently managing over 300 projects and as an experienced arranger and advisor has extensive know-how and expertise from which the Nalunaq project financing will benefit. Nalunaq Overview (cont) biz.yahoo.com & at least these folks don't seem busy digging up more: Reuters Friday September 8 7:37 AM ET Grumpy Town Declares 'Olympics-Free Zone' SYDNEY (Reuters) - Fed up with Olympic hype, the citizens of Walhalla -- population, 21 -- have declared their old Australian gold mining town an ``Olympics-Free Zone.'' Visitors overheard gossiping about track times, sailing conditions, sports injuries or doping scandals will be fined on the spot. Unpatriotic? Not at all, huffed Rhonda Aquilina, who with husband Norm runs Walhalla's only general store in the outback town in western Victoria. ``A lot of people are saying 'good on ya','' she declared. ``We're offering a haven for people who have had enough.''(cont) dailynews.yahoo.com

To: goldsheet who wrote (57970)	9/8/2000 2:43:05 PM
From: Bob Dobbs	Read Replies (1) \| Respond to of 116916

First time I've seen your charts. Good work! I don't follow all the comments here, and your post about price factors was self-contained. <I said something like the drop from $400 to $275 might be divided up as follows: $100 - Increased primary mine production, resulting in the drop from $400 in early 1996 to $300 in late 1997. $25 - 1998 Asian currency crisis, which dumped almost 1100mt on the market. $25 - Central banks sales> Obviously if there is a strong correlation between the dollar and gold price then the above post doesn't make any sense. Why aren't these numbers more like: Dollar strength:----------------------$100 Increased Primary Mine Supply:-----$ 10 Asian Currency Crisis:---------------$ 10 Central Bank Sales (Leases):--------$ 30 Total Gold Price Decrease:---------$150 In my estimate this is closer to the truth. Bob